All of the Following Are Examples of Current Liabilities EXCEPT

question 26

Multiple Choice

All of the following are examples of current liabilities EXCEPT

• A) accounts receivable.
• B) notes payable.
• C) accounts payable.
• D) accruals.

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Definitions:

Respondeat Superior

A legal doctrine holding employers liable for wrongful acts committed by employees while performing their job duties.

Independent Contractor

A person or entity contracted to perform work for another entity as a non-employee, responsible for their own taxes and benefits.

Tortious Actions

Wrongful acts that cause harm or loss to another, leading to civil legal liability.

Respondeat Superior

A legal doctrine holding an employer or principal liable for the actions of an employee or agent performed within the course of their employment or agency.